Soybean prices on Thursday rose by Rs 33 to Rs 4,632 per quintal in futures market as traders created fresh positions tracking positive spot demand.
On the National Commodity and Derivatives Exchange, soybean for February delivery gained Rs 33, or 0.72 per cent, to Rs 4,632 per quintal with an open interest of 88,680 lots.
Likewise, soybean for March delivery traded higher by Rs 42, or 0.91 per cent, to Rs 4,639 per quintal with an open interest of 1,73,715 lots.
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to the rise in soybean prices.
